By Tinomudaishe Muzanenhamo The People's Own Savings Bank has reported a strong financial performance for 2025 posting a 19% increase in net profit as Zimbabwe’s banking sector navigated a tightening monetary environment and ongoing economic reforms. According to its latest abridged financial results, the bank recorded a
By Kudzaishe Chimonera The People’s Own Savings Bank (POSB) has launched Huruyadzo/Inkunzi, a mobile-based group savings platform designed to make collective saving safer, more transparent and accessible across the country. The service formalises the country’s long-standing Mukando system allowing groups to save together while introducing shared
The People’s Own Savings Bank (POSB) has partnered with Mastercard to introduce a new international money transfer platform allowing customers to send funds abroad quickly and securely. The service, called POSB Remit Outbound enables users to send money from Zimbabwe to bank accounts, mobile wallets or
The People’s Own Savings Bank (POSB) has launched an $8.7 million Solar and Starlink facility, an ambitious financing programme aimed at bringing clean energy and high-speed internet to schools, small businesses and households across the country. Unveiled in Harare, the initiative marks a milestone in POSB’s
The People’s Own Savings Bank (POSB), the country’s leading financial services provider has donated sanitary wear to girls at Neruvanga Secondary School in Masvingo Province as part of its ongoing “Donate a Pad and Keep a Girl in School” initiative. The initiative, launched in 2023, enables
Local companies have been urged to embrace artificial intelligence and adopt value addition strategies if the country is to become globally competitive and grow its economy. This came out during the second edition of the POSB Exporters Seminar held in Harare recently. The National Competitiveness Commission, chief
The People’s Own Savings Bank (POSB) will host a high-level Exports Awareness Seminar inHarare, as part of Bank’s broader strategy to support the government’s export development agenda and to empower local businesses with the tools and knowledge needed to succeed in international markets. The seminar, themed
In a strategic move aimed at broadening access to insurance services across the country, the People’s Own Savings Bank (POSB) has entered into a partnership with Zimnat General Insurance to offer a wide range of bancassurance products. The partnership brings motor vehicle insurance—both third-party and comprehensive
The People’s Own Savings Bank (POSB) is setting up 30 advanced Automated Teller Machines (ATMs) across the country with the initial batch of 15 ATMs having already been rolled out as the bank seeks to expand its reach to clients as well as enhancing convenience. The
The People’s Own Savings Bank (POSB) has unveiled its prepaid and debit cards which are set to enable its customers to seamlessly transact in both the domestic and international markets through a partnership with Mastercard, a global payment technology company. The project involves a local leading
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